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OC 29: FDP credits and imputation credits attached to dividends
or “Former rules for tax credits on company dividends”
You could also call this:

“This rule about extra tax payments no longer applies”

This section of the law has been removed. It is no longer in effect. The government decided to take it out of the Income Tax Act 2007 on 1 April 2017. This means you don’t need to worry about what it used to say because it doesn’t apply anymore.

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Next up: OC 31: Payment of further income tax when company no longer New Zealand resident

or “Companies no longer pay extra tax when leaving New Zealand”
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Part O Memorandum accounts
Foreign dividend payment accounts (FDPA)

OC 30Payment of further income tax for closing debit balance (Repealed)

    Notes
    • Section OC 30: repealed, on , by section 216 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).